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Where's my WALL?
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If we want more income equality.....
If we want more income equality, should we return to the economy of George W. Bush?
BY JIM LINDGREN January 28 at 5:41 am More Other things being equal, income equality is better than inequality. But other things are NOT equal. The easiest way to make incomes more equal in the short run is to have a recession. Much has been made of growing income inequality since 1979, but very little attention has been paid to which of the four presidental administrations preceding Barack Obama increased income equality and which ones reduced it. In short, the two presidents whose terms involved improving income equality were the two George Bushes and the two whose terms were associated with worsening after-tax income equality were Ronald Reagan and Bill Clinton. It is probably not an accident that the two presidents in whose administrations the GDP grew the most were the two presidents whose time in office coincided with worsening income equality. The president under whom the poorest quintile enjoyed the largest increase in after-tax household income was George W. Bush. And the two administrations under whom the richest quintile and richest 1 percent fared the worst were the two Presidents Bush. Among Barack Obama’s four immediate predecessors, the two biggest income equalizers were George H.W. Bush and George W. Bush. Just to be clear, I am not pining for the good old days of the economy of George W. Bush. But George W. Bush was the most successful of our recent past presidents in achieving very substantial increases in incomes for the poorest quintile (+18.4%), while keeping gains for the richest quintile and richest 1 percent at modest levels. For example, under Bush the Younger, the incomes of the richest 1 percent rose only 6.5 percent in eight years, compared to a staggering 84 percent under Clinton and 91 percent under Reagan. If you would rather have Bill Clinton’s economy than George W. Bush’s economy – and I definitely would – then as a practical matter you probably don’t care overmuch about income equality. http://www.washingtonpost.com/news/v...george-w-bush/ |
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#61 |
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How does discussing the trend of greater income inequality of the previous decades = goal of income equality?
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#62 | |
Debunking your bullshit
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If Ds came up with the term "income inequality" it was pretty dumb. It is too easily turned to "income equality" which the Rs will then use to rant about communism.
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#63 |
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So, how has Obama defined it? Jay Cosmo said he got 5 different definitions here, but not one from Obama yet?
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#64 | ||
Debunking your bullshit
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Quote:
I haven't heard Obama say there was a goal of "income equality."
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#65 |
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So, if the President hasn't articulated a goal then what is the point of him and the DNC base of even speaking it? Campaign wedge issue maybe?
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#66 |
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Income inequality is the PC term for class envy.
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#67 |
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Have you been lobotomized? That doesn't have anything to do with my post.
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#68 | |
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Quote:
"More income equality" from the thread title refers to the left's screeching about fixing the alleged "income inequality" crisis. No one, on the left or the right has called for perfect income equality. More equality is the same as less inequality. It's a directional/relative thing not an absolute measure.
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![]() “The American people are tired of liars and people who pretend to be something they’re not.” - Hillary Clinton Last edited by patteeu; 01-30-2014 at 06:24 PM.. |
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#69 | |
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Or is it income equality? The thread title and article says income equality.
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#70 |
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I edited that post to explain it more fully for those who need extensive handholding.
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#71 |
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#72 | |
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Quote:
You know what the word more means, right? |
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#73 |
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Cosmo's inability to formulate any definition of the problem mirrors Obama's inability to do the same. And ensures nothing will ever change on the topic. Which the Democrat voters out there should pick up on, but you know they won't.
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#74 | |
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#75 | |||
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So, then my question was, how does one get get to a goal of income equality from discussing income inequality, since that is what you implied in your post. Stop being stupid.
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